Abbreviation V-BID | Website vbidcenter.org | |
Formation Ann Arbor, Michigan, United States | ||
The Center for Value-Based Insurance Design at The University of Michigan (V-BID Center) is the leading advocate for development, implementation and evaluation of clinically nuanced health benefit plans and payment models. Since 2005, the Center has been actively engaged in understanding the impact of V-BID and collaborating with employers, consumer advocates, health plans, policy leaders, and academics to improve clinical outcomes and enhance economic efficiency in the U.S. health care system. The Center is based in Ann Arbor, Michigan and operates collaboratively with the University of Michigan School of Public Health, the University of Michigan Medical School, and the University of Michigan Institute for Healthcare Policy and Innovation. The V-BID Center was co-founded by Dr. A. Mark Fendrick, MD, and Michael Chernew, PhD in 2005.
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People
Dr. A. Mark Fendrick, MD, serves as Director for the Center for Value-Based Insurance Design. Dr. Fendrick was one of the originators of V-BID and is a Professor of Internal Medicine in the U-M School of Medicine and a Professor of Health Management and Policy in the U-M School of Public Health. The Center also receives guidance and assistance from a diverse advisory board, U-M faculty, and U-M students (graduate, doctoral, and medical).
Mission
Since its inception, the goal of the V-BID Center has been to promote the development, implementation, and evaluation of insurance benefit programs that incorporate V-BID principles. The Center uses faculty-conducted research studies to provide evidence to further promote the incorporation of V-BID principles in health insurance benefit designs. In addition to research, the V-BID Center also works to educate private and public sector stakeholders to increase understanding of the V-BID concept, and assist in the creation and improvement of V-BID programs. The Center accomplishes this through local and national conference presentations, as well as academic presentations.
Smarter Health Care Coalition
In 2015, the V-BID Center joined the Smarter HealthCare Coalition (SHCC). The mission of the SHCC is "to enhance the patient experience – encompassing access, convenience, affordability, and quality – by working together towards achieving smarter health care, with a focus on integrating benefit design innovations and consumer/patient engagement within broader delivery system reform in order to better align coverage, quality, and value-based payment goals." The coalition involves significant policy and provider leaders in healthcare, including: Aetna, American Benefits Council, America’s Health Insurance Plans, Blue Cross Blue Shield Association, Blue Shield of California, CAPG, Centene, Evolent Health, Families USA, Institute for Medicaid Innovation, Medicaid Health Plans of America, Merck, National Coalition on Health Care, Pfizer, Pharmaceutical Research and Manufacturers of America, Public Sector HealthCare Roundtable, and U.S. Chamber of Commerce.
Current Initiatives
The V-BID Center's Current Initiatives target reform and V-BID implementation in: